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More Firms Encouraging Renting For Short-term Assignments

November 25, 1994|By National Newspaper Syndicate.

Don't be surprised if your employer tries to encourage you to rent rather than buy if you're being transferred for a short-term assignment. The reason: Relocating a homeowner tends to cost the company many thousands of dollars more than moving a renter.

The biggest added expense is the reimbursement most larger companies pay employees who are forced to sell their home at a loss. The average cost of this "loss-on-sale" protection is $10,259, according to a new survey of 68 corporate relocation administrators by the Runzheimer International consulting firm.